Additive Manufacturing Global Market Is Expected To Grow At A Rate Of Almost 21% Through 2023 – 2027
12 Jul, 2023
The global additive manufacturing market size is expected to grow from $13.16 billion in 2022 to $16.06 billion in 2023 at a compound annual growth rate (CAGR) of 22.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global additive manufacturing market size is expected to reach $34.22 billion in 2027 at a CAGR of 20.8%.
Global Additive Manufacturing Market Key Driver
The rising demand for 3D printing is projected to take the additive manufacturing market ahead. 3D printing is the process of generating three-dimensional solid items from a digital file. 3D printing aids additive manufacturing by providing a cost-effective and versatile method of producing customised parts, as well as being utilised for preoperative planning.
Get a sample of the global additive manufacturing market reportGlobal Additive Manufacturing Market Segments
The global additive manufacturing market is segmented:
1) By Technology: Stereolithography, Polyjet Printing, Binder Jetting Printing, Laser Sintering, Electron Beam Melting, Fused Deposition Modeling, Laminated Object Manufacturing, Thermal Dimensional Printing, Other Technologies
2) By Material Type: Plastics, Metals, Ceramics, Other Materials
3) By Application: Aerospace, Automotive, Consumer Products, Healthcare, Government And Defence, Industrial Or Business Machines, Education And Research, Other Applications
4) By Geography: The regions covered in the additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global additive manufacturing market.
Major Additive Manufacturing Industry Players
3D Systems Inc., Envisiontec GmbH, Stratasys Ltd., Materialise NV, Arcam AB, The ExOne Company, EOS GmbH, SLM Solutions Group AG, General Electric Inc., CleanGreen 3D, Optomec Inc., MakerBot Industries LLC, ANSYS Inc., Hoganas AB, Arburg GmbH, Renishaw Plc., Yamazaki Mazak Corporation, Markforged, Proto Labs, EnvisionTEC US LLC, Ultimaker BV, American Additive Manufacturing LLC, Greatbarch Inc., Biomedical Modeling Inc., GPI Prototype & Manufacturing Services Inc., Morries Technologies Inc., Made In Space Inc., Canon Inc., Voxeljet AG
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Additive Manufacturing Market Overview
Additive manufacturing refers to the method of combining materials to create three-dimensional items using three-dimensional (3D) model data. Layer after layer is added in additive manufacturing till the product is finished. The majority of the time, additive manufacturing employs only the materials required for the component, drastically reducing production waste.
Additive Manufacturing Global Market Report 2023 provides data on the global additive manufacturing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The additive manufacturing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.